European Union:
AIFMD - European Commission Adopted Delegated Regulation
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On 19 December 2012, the European Commission adopted a
Delegated Regulation (the "AIFM Regulation")
supplementing the Directive 2011/61/EC of the European Parliament
and of the Council of November 11, 2010 on alternative investment
fund managers (the "AIFM Directive").
These "Level 2 Measures" provide for a series of
implementing rules with regard to exemptions, general operating
conditions, depositaries, leverage, transparency and
supervision.
The AIFM Regulation will be directly applicable as from July 22,
2013 without any implementation into national law by the Member
States.
For a detailed review, please refer to the
Delegated Regulation.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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